New Ontario, Chinese partnership to unlock market opportunities for energy, water innovation
The Advanced Energy Centre, Water Technology Acceleration Project and China Energy Conservation and Environmental Protection Group have announced an MOU signing to explore deployment opportunities for Ontario's advanced energy and water technologies in China.
Oct. 31, 2014 -- In an effort to strengthen their working relationship and jointly explore potential deployment opportunities for Ontario's advanced energy and water technologies in China, the Advanced Energy Centre (AEC) at MaRS Discovery District, Water Technology Acceleration Project (WaterTAP) and China Energy Conservation and Environmental Protection Group (CECEP) have officially announced the signing of a Memorandum of Understanding (MOU).
The MOU signing comes as part of Premier Wynne's trade mission, which aims to attract new investments and build onto Ontario's strategic relationship with China. Further, the agreement creates an opportunity for joint ventures aimed at advancing energy and water innovation and creating new products that impact the energy landscape on an international scale.
The three-part MOU seeks to facilitate regular communication and knowledge exchanges on the energy and water market landscapes. This new relationship has a view to delivering cutting-edge energy and water innovation to CECEP, a Chinese State-Owned Enterprise and the largest player in China's energy and environmental technology market. The collaboration equally seeks to explore how Chinese technologies could help deliver greater efficiencies and reduce energy costs in Ontario.
Through regular communication, consultation and knowledge exchange, the Advanced Energy Centre, WaterTAP and CECEP will open the door to new opportunities for Canadian ventures looking to expand in global markets.
About the AEC
The Advanced Energy Centre is a public-private partnership with the mission of fostering the adoption of innovative energy technologies in Ontario and Canada, and leveraging those successes and experiences into international markets. The AEC works with over 150 Canadian start-ups and SMEs in the cleantech and energy sector, and its role is to actively develop partnerships that will help bring these technologies to global markets. Within Canada, the AEC works to identify and remove systemic barriers to the adoption of energy innovation. The AEC is part of the MaRS Discovery District (MaRS), one of the world's largest urban innovation hubs. For more information, click here.
WaterTAP exists to champion and support Ontario's status as a world water technology hub. The organization brings private sector experience to the challenge of helping water technology entrepreneurs, utilities and investors make the connections and find the resources they need to keep Ontario's water sector prospering. Ontario is home to more than 900 water technology companies, supported by more than 200 research centers, incubators, accelerators and programs that encourage innovative water and wastewater technologies and services. Several of its water sector technology clusters, including membrane filtration and ultraviolet disinfection, are world leaders. For more information, visit www.watertapontario.com.
CECEP, established by the Chinese Government for the promotion of energy efficiency, is the largest technology-based and service-oriented industrial group in the energy saving and environmental protection field in China. CECEP focuses on energy saving, environmental protection, clean energy and resource recycling, and aims to provide comprehensive solution and one-stop service package to its clients. The group provides products and services to public and private sectors for energy saving and environmental protection, contributing to the sustainable development of China's national economy. For more information, click here.